Sixty-six years ago this Sunday Japan surrendered unconditionally after we had dropped atomic bombs on Hiroshima and Nagasaki. The United States was left as the world's only super power and overcame the costs of the war to build a robust economy. Japan, with American help, recovered and in a few years had one one of the world's greatest economies. Today, 66 years later, the United States is running a deficit, our debt is in excess of 16 trillion and the future appears to hold astronomical debt, and millions are jobless. Japan has been through an economic crisis and is no longer the nation to emulate. Where will we be 66 years from now?
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